Fred the Red Shirt wrote:

On Sep 13, 2:09Â*am, "Lew Hodgett" wrote:
"Mark & Juanita" wrote:
Why is it that the drastic energy price increases started after the
Democrats took control of the legislative branch? Â*If Bush and
Cheney were
so responsible, one would think those drastic increases would have
started
shortly after 2001.

They did.

It takes time to implement a plan.

http://www.pushhamburger.com/oil_history.htm

Prices dropped during 2000, stabilized during 2001 and began
rising in 2002.

Note the word above, "drastically". Even using your link, there were a
number of world events that drove the price of crude up, but not as
drastically as we've seen in the past 2 years.


Interestingly, the price of refined petroleum products began
rising as soon as Bush/Cheney took orifice, as if the companies
anticipated the rise in crude prices:

http://www.dallasfed.org/eyi/usecon/0508gas.html


Again, from your link, refined prices started going up in 1999 *before*
Bush and Cheney were even elected or for that matter nominated, are you
saying that the market was prescient? The prices didn't start rising until
2002.


They have started to go down now,
with the Democrats still controlling the Congress.


The information in your link stops at 2006. This is the first year that
prices have played with $4 per gallon levels. The fact that prices are
coming down right now is due to a couple of factors 1) the summer driving
season is ending and prices traditionally come down following that event,
and 2) the market could not sustain the levels of price that were seen
throughout the summer. Even so, gas prices are still at their highest
levels ever following the post-summer season.


--
If you're going to be dumb, you better be tough